Asia Economics Update Vietnam to remain a regional outperformer in 2025 GDP growth in Vietnam picked up in the fourth quarter of 2024 and we expect another year of strong growth in 2025, with the main support coming from exports. 6th January 2025 · 2 mins read
Emerging Markets Economics Update A loss of momentum at year-end The small fall in the aggregate EM manufacturing PMI in December and the declines in headline PMIs for most countries suggest that EM industry lost some pace at the end of the year. We think... 2nd January 2025 · 3 mins read
Asia Economics Update Asia December PMIs, Korea Trade, Singapore GDP The December PMIs for Asia were a mixed bag, but we continue to expect manufacturing activity and GDP growth in the region to remain subdued in the near term. With growth set to struggle and inflation... 2nd January 2025 · 2 mins read
Australia & New Zealand Economics Update Australian house price growth to remain weak in 2025 There was little festive cheer in Australia’s housing market last month, with house prices stagnating across the country’s eight capital cities. Given our view that the RBA has only limited room to... 2nd January 2025 · 3 mins read
China Activity Monitor CAP: Weaker fiscal support behind growth slowdown Our China Activity Proxy suggests that activity growth slowed in November. That was partly driven by a slowdown in fiscal support, reflected in weaker services activity in particular. But industrial... 31st December 2024 · 3 mins read
China Rapid Response China PMIs (Dec. 2024) The PMIs suggest that China’s economy gained momentum in December, with faster growth in services and construction more than making up for slower growth in the manufacturing sector. Increased fiscal... 31st December 2024 (Updated 6th January 2025) · 3 mins read
Asia Chart Pack Asia Chart Pack (December 2024) Our Asia Chart Pack has been updated with the latest data and our analysis of recent developments. With GDP growth set to struggle and inflation to remain low, central banks are likely to continue to... 30th December 2024 · 0 mins read
Asia Economics Update Korea’s political crisis deepens Korea’s political crisis deepened today after parliament voted to impeach acting president, Han Duck-soo, just two weeks after President Yoon Suk Yeol was himself impeached following his shock... 27th December 2024 · 3 mins read
China Economics Weekly China Weekly: PBOC promises to restore growth are falling flat China's bond market is sending a message that China's policymakers are unwilling to hear: their policy interventions are not improving the long-run outlook. 20th December 2024 · 6 mins read
Climate Economics Update Tariff front-running holds up China green tech exports China’s exports of the “New Three” held up in November, although this was solely due to the strength of lithium-ion battery exports to the US as firms prepare for the imposition of tariffs. Looking... 20th December 2024 · 2 mins read
Japan Economics Weekly Japan Weekly: BoJ still signalling room – and desire – to hike further Governor Ueda delivered two messages in the press conference after yesterday’s policy meeting: first, the Bank of Japan thinks that policy normalisation is still on track and it intends to raise rates... 20th December 2024 · 7 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: RBA Board, Aus. Budget Update, NZ GDP Although the Australian Treasurer’s new appointments to the RBA’s monetary policy committee were well received, the same cannot be said of his mid-year Budget Update. The government appears intent on... 20th December 2024 · 5 mins read
Asia Economics Weekly Asia Weekly: Dovish BoK minutes, bumper rate cut in Pakistan The Bank of Korea’s minutes from its November meeting confirm that supporting the economy is now its main priority. We are expecting another 100bps of rate cuts next year in Korea. Meanwhile, Pakistan... 20th December 2024 · 7 mins read
India Economics Weekly India Weekly: Consensus expectations for 2025 are over-optimistic Consensus expectations for India’s economy suggest that it will grow at a similar pace in 2025 as it has in 2024. Certainly, data this week suggest that the economy is carrying good momentum into the... 20th December 2024 · 3 mins read
Japan Rapid Response Japan Consumer Prices (Nov. 24) November’s surge in inflation wasn’t a surprise – the Bank of Japan will have known it was on the cards when it decided not to hike rates yesterday. But it should add to the Bank’s confidence that it... 19th December 2024 · 2 mins read